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2014-03-17 08:06:00

ENCANA SELL WYOMING. WHO BUYS?

ENCANA SELL WYOMING. WHO BUYS?

REUTERS. Canadian oil and gas producer Encana Corporation is in advanced talks to sell its Wyoming natural gas field to private-equity firms Carlyle Group LP and NGP Energy Capital Management LLC for about $2 billion, the Wall Street Journal reported on Sunday, citing unnamed sources.

The company has been looking to sell its holdings in the so-called Jonah field as it shifts its focus away from natural gas to drilling for more valuable oil and natural gas liquids, the report said.

"We are testing the market in a few areas but are not providing comment on any specific assets at this time," an Encana spokesman said.

The Carlyle Group was not immediately available for comment.

The Carlyle Group acquired a 47.5 percent stake in energy investor NGP Energy Capital Management for $424 million in December 2012 to boost its natural resources investments.

Tags: ENCANA, OIL, GAS, WYOMING

Chronicle:

ENCANA SELL WYOMING. WHO BUYS?
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

ENCANA SELL WYOMING. WHO BUYS?
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

ENCANA SELL WYOMING. WHO BUYS?
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

ENCANA SELL WYOMING. WHO BUYS?
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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